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Perpetua Resources Receives Critical Minerals Award of up to $24.8 million under the Defense Production Act
Perpetua Resources Receives Critical Minerals Award of up to $24.8 million under the Defense Prod...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n \n \n \n Perpetua Resources Receives Critical Minerals Award of up to $24.8 million under the Defense Production Act\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Perpetua receives Defense Production Act Title III funding to advance construction readiness, environmental baseline monitoring and environmental studies as the Stibnite Gold Project continues through the permitting process\n \n \n \n \n Stibnite Gold Project is poised to be the only domestically mined source of the critical mineral antimony, which is essential for national defense\n \n \n \n \n \n BOISE, Idaho\n \n \n ,\n \n \n Dec. 19, 2022\n \n \n /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) announced today that its wholly owned subsidiary, Perpetua Resources Idaho, Inc. (collectively, \"Perpetua Resources\" or \"Perpetua\" or the \"Company\"), was awarded a Technology Investment Agreement of up to\n \n $24.8 million\n \n under Title III of the Defense Production Act (\"DPA\"). The funding objective of the Technology Investment Agreement, issued by the Air Force Research Laboratory, is to complete environmental and engineering studies necessary to obtain a Final Environmental Impact Statement, a Final Record of Decision, and other ancillary permits to sustain the domestic production of antimony trisulfide capability for defense energetic materials.\n \n \n Antimony trisulfide is essential to national defense as a key component for munitions yet there is no U.S. mined supply. Perpetua plans to re-establish a domestic supply of the critical mineral antimony as a by-product of one of the highest-grade open pit gold resources in\n \n the United States\n \n . The DPA funding allows the Company to advance the construction readiness of the Stibnite Gold Project while the Company continues through the ongoing permitting process, led by the United States Forest Service (\"USFS\").\n \n \n Under the funding agreement, Perpetua may request reimbursement for certain costs incurred over 24 months related to environmental bas...